Out of state investing, first timer

[Michael Junior]

Hey All, closing on my first REI this coming Wednesday here.. duplex in my local area. I was able to snatch it up for $355k with a 5% down FHA! I’m looking for my next deal, needs to be OOS as the prices are pretty steep around here.I really want to scale up, to a small multi family building. Like 6-12 units. Where would YOU buy?!?!

[Matt Greer]

Fayetteville, NC or other military towns. military towns have a high demand for rentals since the people there are moving every few years. Ya they'll move every few years, but there will always be a demand. There is always money coming in because you have a bunch of government workers receiving paychecks every 2 weeks. Other towns might have factories or other industry that keeps them alive, but they move. Look at GM closing plants... what will happen to those towns now? Military towns or other towns with large government organizations have money coming in and stability. Like it or not they're paid for by taxes from all across the country. Why not tap into that?